Operational Risk Management & Techniques Workshop in Ashgabat, Turkmenistan

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Program Overview

Recent events in the world have brought the subject of risk into a higher profile. Evaluating the range of available risk management techniques and choosing the most appropriate response in each case is an increasingly significant element of managerial responsibility in today’s business environment.

This program brings techniques, practices, and lessons learned for effectively identifying, understanding, managing, and mitigating risks, simulation environment component deployments, represents unprecedented challenges and requires effective risk management with a touch on the multi-level risk management.

The fundamental purpose of this workshop goes beyond risk management processes as such and learning how to weave effective risk management practices, techniques, and methods into all aspects of migrating into the next generation of modern Risk control.

The program is also intended to leverage and extend the risk management experience of the participants by looking for common best practices and unique processes that have been especially successful. This workshop assessed the effectiveness of tools and techniques that are or could be helpful in risk management, with a special emphasis on how practice meets process.

Target Audience

This program is designed and highly beneficial for:

  • Professionals in audit, risk management and compliance
  • Business leaders & members of Boards.
  • Enterprise Risk Managers, PMO Managers, Risk And Quality Control Managers
  • Risk Officers & Product Control Managers
  • Compliance Managers, Value Managers, Business Strategy Managers
  • Anyone interested in Risk Management Field.

Program Objectives

By the end of this course you will be able to:

  • Define and understand risk management terminology in the context of participants working place
  • Identify top risks and share existing practices and methodologies
  • Understand how risk management practices and methodologies can be appropriately tailored to the level of risk associated with the activity
  • Share lessons learned from past management of risk activities
  • Discuss who should be responsible for various classes of risk and what are appropriate risk-sharing strategies
  • Establish communication paths for managerial and technical staff at multiple sites to continue the discussion on effective risk management practices.

Program Contents

The Nature of Risks
  • Knowing risks
  • Characteristics of risk
  • Risk vs. opportunity
  • Benefits of risk management
Risk Management Process
  • Integrating risk management into the project planning process
  • Roles and responsibilities in managing risk
  • Success factors in effective risk management
  • The risk management process steps
Risk Management Planning
  • Planning to avoid failures
  • Engaging stakeholders
  • Setting up a framework for addressing risk
  • Project risk workshops
Risk Identification
  • Principles of identifying risk
  • People-oriented techniques
  • Tools-oriented techniques
  • The risk breakdown structure
  • Defining risks correctly and accurately
  • Establishing a risk register
Risk Analysis
  • Qualitative methods for analysing risks
  • Defining probability scales
  • Assessing impact of risks on project constraints
  • Determining expected value of risk
  • The PERT method
  • The Buffer method
  • Monte-Carlo simulation
Risk Prioritization
  • Qualitative ranking methods
  • Quantitative ranking methods
  • Using filtering to segment risks
  • The comparative risk ranking technique
  • Updating the risk register
Risk Response Strategies
  • Response strategies for threats
  • Defining preventive actions
  • Creating contingency plans
  • Defining risk response triggers
  • Integrating risk responses into the project plan
  • Understanding risk response interactions
  • Risk reserves
  • Finalising the risk management plan
Risk Monitoring and Control
  • Risk reviews
  • Monitoring risk status and triggers
  • Executing risk responses
  • Evaluating risk plan performance
  • Responding to the unexpected
  • Risk re-assessment
  • Maintaining the risk register
  • Communicating and reporting risk exposure to stakeholders
Risk Management at Project Closeout
  • Final risk review and assessment
  • Capturing lessons learned
  • Proactive management of future risks.

Program Methodology

During Operational Risk Management & Techniques Workshop in Ashgabat, Turkmenistan. A combination of plenary sessions to provide a common perspective to all the attendees and of breakout sessions for more detailed interactive discussion on different aspects of risk management theory and practice.

Registration Information

Program Name: Operational Risk Management & Techniques Workshop in Ashgabat, Turkmenistan

Program Code: ORMT21PA

Program Dates: 17 – 21 May 2021

Registration Closes on: 31 March 2021

Venue: Ak Altyn Hotel

Program Fee: $2550

Fee covers:  Visa Assistance (complementary), Participant Assessment, Airport Pickup, Accommodation, Wi-Fi, Breakfast, Workshop Kit, Interactive workshop, Program Materials, Local Expert, Practical Activities, Lunch, Refreshments, City Map, Field Visit, Certificate & Entertaining Tour.

Register Online  

Online Payment via PayPal

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